re: Parents Buying Kids Homes

The help I am giving for my kids' first home purchase is zero student loan debt from college (undergrad and post-grad)

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My parents pay my mortgage as long as I keep Life360 running on my phone.

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I'd probably take that deal. My life isn't that interesting anymore

Man I'm on both sides of this.

Me and my wife bought out house on our own almost a decade ago... a nice new construction 3/2 in a great neighborhood for $215k. These days that same house is 300+

I would have hard-core judged anyone doing this but my God housing really is getting unobtainable these days. Back then I would have moved by now... but it just doesnt make sense to between the cost and rates.

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We have a 4 BR that's 2500+ sq ft and we're about to be empty nesters.

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My parents are in their mid 50’s, now empty nesters, and have a 4500+ sqft house. They could absolutely downsize, but not many people are buying houses like their, and they would be spending the entire selling price to get a house 2/3’s as big

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and they would be spending the entire selling price to get a house 2/3’s as big

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We ran the numbers, and it just made no sense. Moving costs, realtor commissions, etc to buy a smaller house that costs more than we paid for this one (not paid off yet) at almost triple the interest rate.

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Someone must have forgotten to tell the boomers.

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Some of yall need help

Since I’ve graduated college my parents haven’t given us any money.

My wife’s parents put back some $$ for her as a kid and gave it to her when she turned 18 - thankfully wife didn’t touch it and we used that $$ ($32,000 or so) as apart of our down payment on our latest home.

Very thankful that. We’re going to do the same for our kids - it won’t be enough to buy a house, but it’ll hopefully be enough to make things just a little easier.

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I cannot look at them in the same light anymore. Easy button activat

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Some families have enough money and don’t buy or help with the house just to make the kids work.

They end up with even more inheritance because all the money that would’ve been spent to help the kids purchase the home is making money in the stock market.

If this makes you angry I got some stories that will really make you mad. The guy that does this at least spends. Imagine dudes that don’t need the flash but know at 20 it doesn’t matter if they are even employed because their life is literally covered as well as their kids because of great investing by the father.

It’s not fair to judge your friend because his family is successful. That’s outright jealousy and envy which is where 90% of people seem to live these days.

Get hungry and get there yourself so you don’t have to be angry at someone else.

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We paid a lot less for our first home than our kids will Damn right I’ll help them if I’m in position

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Boggles my mind why someone would be upset because you helped your kid lol.

People are such low iq and lazy humans they would rather steal your shite or talk bad about you like a bitch instead of earning.

It is what it is b

I didn’t “buy” my daughter a house but I helped her out with a lot of the front money. I consider it an advance on her inheritance. The money she gives back is added back to her share when that time comes. Good for her as she got the house she wanted but was otherwise above her budget.